Free Press Journal
  • Soon, you can choose on  how salary is to be paid

    New Delhi: The government proposed to revamp laws governing salary payment and granting employees a choice over how they get salary, saying it will amend legislation in this regard after consultation with stakeholders. Presenting his first full year Budget, Finance Minister Arun Jaitley said employees need to be provided two options with respect to the Employees Provident Fund (EPF).

  • Arun Jaitley

    Budget Analysis: Thumbs up to Budget on many counts

    New Delhi: In a budget that deserves a thumbs up on many counts Union Finance Minister Arun Jaitley has provided for a reduction of corporate tax from 30 per cent to 25 per cent over the next four years, made bold to abolish wealth tax which was raking in a mere Rs 108 crore while entailing huge administrative expenditure and has promised an elaborate Bill to declare stringent punishment for holders of black

  • India, UAE

    India beat UAE by 9 wickets

    Perth:  India beat the United Arab Emirates (UAE) by nine wickets in their cricket World Cup Pool B encounter at the WACA here Saturday. Chasing 103, India reached the target in 18.5 overs with Rohit Sharma top scoring with an unbeaten 57.

  • 10-year jail for hiding foreign assets

    New Delhi: Under attack over delay in unearthing black money, the government came out with a proposal for a comprehensive law to check the menace by providing for a jail term up to 10 years for hiding foreign assets.

  • Al Qaeda militants, killed, Yemen

    Four suspected Al Qaeda militants killed in Yemen

    Sanaa: At least four suspected Al Qaeda militants were killed during a US drone strike on a convoy in Yemen’s Shabwa province, a security official said Saturday.  “An unmanned U.S. drone fired missiles on an al-Qaida convoy in Bayhan region of Shabwa province late on Friday night, killing at least four terrorists at the scene,”  the official told Xinhua news agency.  A tribal leader confirmed the attack, saying “an unexpected US bombing

  • 31 Nasheed supporters arrested during rally over his detention

    Male: At least 31 supporters of Mohammed Nasheed have been arrested during a mass rally that saw thousands throng the Maldivian capital to protest the detention of the former president on terror charges. The opposition Maldivian Democratic Party-Jumhooree Party (MDP-JP) alliance had organised the rally yesterday and more than 10,000 people participated in the demonstration. The opposition supporters marched through Male calling on President Abdulla Yameen to resign and free “political prisoners.”

  • Govt to soon notify norms for liberalised ADR/GDR regime

    New Delhi: To make raising funds overseas easier by Indian companies, the government will soon notify a liberalised ADR/GDR regime and necessary amendments will be made by financial sector regulators – RBI and Sebi in this regard. The revised norms would allow issuance of depository receipts on all permissible securities. The liberalised ADR (American Depository Receipt)/GDR (Global Depository Receipt) norms were proposed by the Finance Minister Arun Jaitley during the last budget in

  • Police in German city warn of potential extremist threat

    Berlin: Police in the German city of Bremen are warning of a potential danger from Islamic extremists there and say they are stepping up security measures. A police statement said that officials received tips about activities of potentially dangerous Islamic extremists from a German federal authority yesterday evening.  Today’s statement said that police in the northwestern
    city are responding “with coordinated and adapted security measures.” Police gave no further details of the nature of the potential threat. The warning comes amid

  • US appeals court: Marathon bombing trial can stay in Boston

    Boston: The trial of Boston Marathon bombing suspect Dzhokhar Tsarnaev can stay in Massachusetts, a federal appeals court ruled. A three-judge panel of the 1st U.S. Circuit Court of Appeals said any high-profile case would receive significant media attention but that knowledge of such case “does not equate to disqualifying prejudice.” “Distinguishing between the two is at the heart of the jury selection process,” the panel wrote. Tsarnaev’s lawyers argued that intense media coverage of the case and the

  • Boost for start-ups: Tax on royalty paid for tech services cut

    New Delhi: The government today proposed reducing the income tax on royalty fee paid for technical services, which analysts said will not only help start-ups and small firms but will also facilitate technology transfer in the country. Finance Minister Arun Jaitley in his Budget proposals reduced the income tax on royal fees paid for technical services from 25 per cent to 10 per cent.

  • Boris Nemtsov

    Russian opposition leader Boris Nemtsov shot dead

    Moscow: Russian opposition leader Boris Nemtsov was shot dead in downtown Moscow on Friday-Saturday night with four shots fired from a handgun from a passing car, law enforcement agencies said.  According to preliminary data, an unknown assailant fired at Nemtsov when the latter was walking along the Bolshoy Moskvoretsky Bridge.  Nemtsov was a co-chair of the RPR-Parnas party. He had held a number of government positions in the 1990s.

  • Power projects to get a push

    New Delhi: India will set up five more ultra mega power projects, entailing investments of around Rs 1 lakh crore. “Five more ultra mega power projects (UMPPs), under the plug-and-play model will be set up with total investments of Rs one lakh crore,” Finance Minister Arun Jaitley said in his first full-year Budget for 2015-16. UMPP is coal-based thermal power project that has 4,000 MW generation capacity. The minister, however, did not announce the states

  • ITC plunges over 11 pc after excise duty hike on cigarettes         

    Mumbai: Cigarette stocks, led by ITC, fell sharply today, following the Budget proposal to increase excise duty.     ITC tanked 11.12 per cent to Rs 350 on the BSE. The stock was the biggest loser among the 30 blue-chips which constitute the stock market benchmark, Sensex. The heavyweight stock surrendered its initial gains after the announcement.

  • ‘Move to bring NBFCs in Sarfaesi Act for recovery beneficial’     

    Mumbai: Large non-banking financial companies (NBFCs) have hailed the Budget proposal to include them under the Sarfaesi Act, as it will expedite the loan recovery process and help contain bad debt in the system. Finance Minister Arun Jaitley presenting his first full Budget today said, “It is proposed that NBFCs registered with the RBI and having asset size of Rs 500 crore and above will be considered for notifications as ‘financial institution’ in

  • Corporate tax to be brought  down to 25 pc over 4 years

    New Delhi: After a gap of 10 years, the government today announced cut in corporate tax by 5 per cent to 25 per cent over four years starting April 2016, but tax exemptions and incentives to the industry will be withdrawn, PTI reports.

  • Govt proposes steps to monetise gold, contain imports

    New Delhi: To curb gold imports and monetise large idle stocks of the precious metal, Finance Minister Arun Jaitley today announced three schemes, including redeemable gold bonds which will carry a fixed rate of interest. The minister proposes to introduce a gold monetisation scheme, which will replace both the present gold deposit and gold metal loan Schemes.

  • SSP Chawrasia

    Chawrasia misses cut, Coetsee moves into lead in Joburg

    Johannesburg: India’s SSP Chawrasia missed the cut despite a one-under 71 in the second round he played at the East Course at the Joburg Open on Friday. Chawrasia shot six-over 77 in the first round at the par-71 West Course. He was the only Indian in the field. South Africa’s Wallie Coetsee moved into a one shot lead as the home contingent look to continue their remarkable record at the Joburg Open.

  • Ritu Rani

    Ritu Rani to lead Indian eves FIH World League Round 2

    New Delhi: Midfielder Ritu Rani will lead an 18-member Indian women’s hockey team in the FIH World League Round 2 to be held at the Major Dhyan Chand National Stadium here from March 7 to 15. Defender Deepika, who has represented India in 138 matches, has been named as the vice-captain. Apart from India, other participating teams in the eight-nation tournament are Poland, Ghana, Thailand, Malaysia, Russia, Kazakhstan and Singapore.

  • Govt cuts Plan spending for current fiscal by Rs 1 lakh crore

    New Delhi: The government today cut Rs 1,07,066 crore from the budgeted Plan expenditure of Rs 5,75,000 crore for the current financial year due to a burgeoning fiscal deficit. The Budget 2015-16, presented by Finance Minister Arun Jaitley in Parliament today, stated revised estimates of Plan expenditure for 2014-15 at Rs 4,67,934 crore.